Whips, Chains and Going to Cash

OK, it’s 5 in the morning here, my Google Reader is still sleeping and at 8:45 AM I’m on a panel called Feeding the World’s Population…I know.   So that’s why there’s only two links below, but they’re both great reads:

Noted momentum trader and TRB buddy Joe Fahmy announced last night that he’s gone mostly to cash.  Joe has a good feel for when the market changes character, I’d check out his reasoning even if you disagree:

Market’s Running Out of Steam (JoeFahmy)

Today’s other must-read is Jessica Pressler’s in-depth look inside the whips-and-chains world of Lynn Tilton, the most controversial Wall Streeter on the circuit right now.  Sample quotation: “I’ll be your girlfriend but I won’t be your bitch” – and that’s what she says to her clients.  For the record, I think she’s awesome and people should stop picking on her for being a real person.  Judge for yourself:

What Does It Take for a Female Tycoon to Get Noticed Around Here? (New York Magazine)